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Economic Affairs Secy: 'Rs should settle at 69-70'


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RAKESH SINGHAI
Excellent management
by RAKESH SINGHAI on Oct 01, 2018 06:21 PM

A very concise and honest interview. It shows that this man, the secretary knows his job exceedingly well and the economy can be expected to do quite well. Proof of pudding is in eating and the fact that govt has chosen to reduce its borrowing by 70000 crores shows its confidence. Hats off to this govt. Good that they do not reduce fuel taxes.Where is the need if inflation is under 4 %.

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Sudarshan Nityananda
Wait till March 2019
by Sudarshan Nityananda on Oct 01, 2018 03:07 PM

The real test of what the Secretary says wuill come by March 2019.

When the rupee fell to 68 in AUgust 2013, it recovered to RS 65-66 by March 2014.

Similarly if the BJP fiscal management is good, then we must give time till March 2019 to see if the Rupee recovers to 69-70

Wait and watch.

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